U.S. Treasury yields mixed ahead of jobs report Via CNBC.com: U.S. government debt prices were mixed on Friday morning ahead of a new jobs report later in the session. At around 2 a.m. ET, the yield on the benchmark 10-year Treasury note was trading marginally lower at 1.6267%; whereas the yield on the 30-year Treasury bond traded 0.32% higher at 2.3024%.. Yields move inversely to prices. Investors are awaiting new nonfarm payrolls data at […]
Bitcoin falls after Elon Musk tweets breakup meme Via CNBC.com: Bitcoin’s price fell Friday morning after Elon Musk posted a tweet suggesting he’s fallen out of love with the world’s top cryptocurrency. The billionaire Tesla CEO tweeted a meme about a couple breaking up over the male partner quoting Linkin Park lyrics, adding the hashtag #Bitcoin and a broken heart emoji. Bitcoin fell nearly 6% to a price of $36,432 […]
AAA projects Memorial Day travel to be up 60% from last year, still down from 2019 Via Just The News: The American Automobile Association is projecting a huge spike in Memorial Day weekend travel compared to last year, though the number will still come in short of 2019's pre-pandemic levels. The agency in a news release this month predicted that from May 27 through May 31, "more than 37 million people are expected to […]
AMC short sellers dealt massive $1.2 billion blow after weeklong stock rally Via CNBC.com: Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners. The rally cooled off late Friday after AMC’s stock skyrocketed as much as 38% during early morning trading. The shares closed at $26.12 […]
AMC Entertainment shares shoot up 35% as Reddit traders double down Via CNBC.com: Shares of AMC Entertainment soared again on Thursday as speculative trading activity skyrocketed in the movie theater chain’s stock among Reddit-obsessed day traders. The stock surged as much as 47% Thursday and ended the session 35.6% higher at $26.52, pushing its week-to-date advance to nearly 120%. AMC has overtaken GameStop to become the most-loved stock in the […]
10-year Treasury yield holds above 1.61% ahead of inflation data Via CNBC.com: The 10-year U.S. Treasury yield held above 1.61% early on Friday, as investors awaited the release of inflation data later in the morning. The yield on the benchmark 10-year Treasury note rose to 1.615% at 4:20 a.m. ET. The yield on the 30-year Treasury bond climbed to 2.29%. Yields move inversely to prices. The 10-year rate rose to […]
Bitcoin ‘time to buy’ ad banned in the UK for being irresponsible Via CNBC.com: An advertising campaign telling people in the U.K. “it’s time to buy” bitcoin has been banned by the nation’s advertising regulator for being irresponsible and misleading. Posters for cryptocurrency exchange service Luno — shown across the London Underground network and on London buses this year — contained a cartoon image of a bitcoin with the words […]
Corn futures drop 6% on larger supply in latest speculative unraveling in the commodities markets Via CNBC.com: Corn futures dropped on Tuesday as concerns about abundant supply whacked America’s biggest cash crop. It’s the latest trading volatility in the commodities sector as the pandemic and the economic reopening distorted markets and led to big speculation in areas like lumber. Corn futures for July delivery fell 6% to $6.18 a bushel, […]
Bitcoin resumes sell-off over weekend, dropping below $32,000 Via CNBC.com: The bitcoin sell-off continued Sunday following a roller-coaster week of trading, as authorities in China and the U.S. move to tighten regulation and tax compliance on cryptocurrencies. Bitcoin fell roughly 16% to $31,772.43 by 12:27 p.m. ET, according to Coin Metrics data. The price of the world’s most popular cryptocurrency rose slightly on Monday to $36,315.52 by 3:09 a.m. ET. Bitcoin’s recent […]
